Zero to Hero: Navigating the BSC Chain from Scanning, Monitoring to Trading

Original Article Title: "Zero-based Guide to Playing on the BSC Chain: From Chain Scanning, Monitoring to Trading"

Original Article Author: Zibu, Twitter

CZ (@cz_binance) started with a hesitant shout-out to $tst and is now mentioning his pet dog on Twitter again. It seems like he really wants to boost the meme presence on BSC. So, how can we engage with memes on BSC? To do a good job, you must first sharpen your tools. This article will introduce the tools that can be used in various participation processes.

1. Chain Scanning

The pump platform on BSC is https://four.meme/, where we can view the coins on the internal exchange on the Board page and apply various filters based on conditions. Alternatively, on the Ranking page, we can view the market cap rankings and 24-hour trading volume leaderboard.

2. On-chain Tools

In addition to chain scanning, we can use many on-chain tools to help filter coins based on metrics such as market cap/pool, trading volume, transaction count, creation time, and more.

The following are some commonly used on-chain tools:

1. UniversalX

Website: https://universalx.app

UniversalX (@UseUniversalX) is the first official app of Particle Network (@ParticleNtwrk), allowing seamless off-chain asset calls without custody, manual bridging, or gas management. UniversalX currently supports Solana, BSC, and 13 other mainstream EVM chains. UniversalX also supports mobile, with listings on the App Store and Google Play.

On the UniversalX homepage, select BNB Chain, and in the Radar section, you can choose coins from different periods based on the categories of "New Listing," "Growth," and "Prosperity." The main filtering metrics include market cap, holders, trading volume, and liquidity. For new listings, focus more on "New Listing"; for mid-stage projects, focus more on "Growth"; "Prosperity" mainly includes older coins with a long online time.

The "Highlights" feature includes four lists: "Trends," "Top Gainers," "Top Losers," and "New Coins." Among them, "Trends," "Top Gainers," and "New Coins" are the ones to watch closely.

UniversalX has also listed the coins on Binance Alpha, which can be viewed either across all chains or only on a specific chain, such as the BSC chain. This feature is even better than what the Binance Wallet offers, as the Binance Wallet does not allow filtering by chain.

2. debot

Website: https://debot.ai

debot mainly consists of two sections: New Listings and Popular Coins. The New Listings section features coins that have been listed within the last 24 hours and can be filtered based on time period, market cap, trading volume, number of transactions, and other metrics. One of its advantages is the inclusion of the "Number of Wallets" metric.

The Popular Coins section filters all listed coins based on their popularity, using criteria similar to those of the New Listings section.

3. gmgn

Website: https://gmgn.ai

gmgn recently added support for the BSC chain, and it was even mentioned and retweeted by CZ. On the BSC chain, gmgn mainly features two sections: New Coins and Popular Coins, similar to debot. The New Coins section also includes coins listed within the past 24 hours, with the ability to filter by time and more detailed granularity. It also supports security checks; it is common for some coins on the EVM chain to launch without being open-source, without renouncing ownership, or without locking the pool, making filtering support very practical. Other metrics are common, as shown below

The Popular Coins section filters all listed coins based on their popularity, using criteria similar to those of the New Coins section.

gmgn on the BSC chain also includes a feature called "Next Blue Chip," which currently lacks data. Compared to a similar feature on the SOLANA chain, it roughly selects some promising coins to focus on after they are listed, making it an area worth following.

When checking the trend, gmgn's "Holders" section has added a new feature that allows for a quick assessment of holders' basic information, such as visualizing changes in holders, average holdings per person, and the Top 100 average purchase price. Each holder's address will have a progress bar below it to display their remaining holdings, providing a very intuitive and practical feature.

4. okx

Website: https://www.okx.com

okx is quite comprehensive, supporting various chains, including the BSC chain. The web interface is richer in features compared to Web3 wallets, allowing filtering based on time, popularity, search volume, and the latest indicators.

5. ave

Website: https://ave.ai

ave is an old tool that has been widely used since the last bull market. It supports multiple chains and also has a mobile app for on-the-go monitoring. On the BSC chain, it supports four sections: Hot Searches, New Listings, Top Gainers, and Listed Tokens. Each section can be filtered based on different criteria. Some criteria can only be filtered, not sorted, so it depends on personal preference.

ave has a dedicated section for Four.meme's token, supporting five categories: Hot Internal, New Internal, About to Hit Cap, New External, and Hot External. It is convenient for chain scanning, feeling more comfortable than the official website's chain scanning. Hopefully, other tools will follow suit soon.

6. Eagle

Website: https://dexscreener.com

Similar to ave, Eagle is an old tool that supports multiple chains. Eagle allows filtering based on time period, trend, TOP volume/number of trades, returns, new pools, and other indicators. It also offers customization of various filtering conditions, with overall rich indicators. I have used Eagle's filtering indicators to analyze years of data and develop many strategies.

An advantage of Eagle is its comprehensiveness, but a downside is that its candlestick charting is not as fast, resulting in a delay of a few seconds compared to other tools. Its multicharts feature is particularly user-friendly, ideal for monitoring multiple tokens. Some tools also have this feature, but none are as user-friendly as Eagle's. Although Eagle has some areas for improvement, it stands out in many aspects.

3. How to Find Smart Money

Monitoring smart money is an effective way to identify early-stage projects and trending tokens on the chain. It is more commonly used on Solana, while the BSC chain has been relatively quiet in this recent bull market. Many people around have not accumulated smart money on the BSC chain. So, how can we find smart money?

One approach is to use smart money from the EVM ecosystem, such as the ETH chain and BASE chain, to see if this smart money on those chains is active on the BSC chain. If it remains active, it can be directly utilized. Another approach is to utilize existing tools to analyze emerging rug pulls and identify smart money.

1. debot

Website: https://debot.ai

In debot, input the address of the coin you want to analyze, then open the bottom section 【Transaction Analysis】. We mainly focus on the 【Top Holders】 and 【Top Gains】 sections. The 【Top Holders】 display a list of the top 100 holding addresses, while the 【Top Gains】 show a list of the top 100 addresses with the highest profits.

Click on any address, and on the right side of the interface, you will see detailed profit data and transaction records for that address.

If you want to view overall profit data, recent gains and losses, held tokens, and recent transaction records for an address, you can input the address into the search box to see detailed data.

2. gmgn

Website: https://gmgn.ai

In gmgn, input the address of the coin you want to analyze and pay attention to the bottom section which includes the 【Traders】 and 【Holders】 blocks.

The 【Traders】 section displays a list of the top 100 profit-making addresses, categorized into "Smart Money," "KOL/VC," "New Wallet," "Developer," "Whale Wallet," "Phishing Wallet," "Bot Degen." You can sort by metrics such as "Total Profit," "Realized Profit," "Unrealized Profit," to filter smart money based on your criteria.

The 【Holders】 section lists the top 100 holding addresses, categorized into "Smart Money," "KOL/VC," "Blue Chip Holder," "New Wallet," "Developer," "Whale Wallet," "Phishing Wallet," "Bot Degen." You can sort by metrics such as "Funds Injected/Quantity," "Total Profit" to filter smart money meeting certain criteria.

Click on any address, and on the right side of the interface, you will see detailed profit data and transaction records for that address.

Currently, gmgn does not support analyzing the overall profit situation and historical data of a specific address. Hopefully, gmgn can add this support soon.

3. ave

Website: https://ave.ai

ave also provides analysis for 【Holders】 and 【Top Traders】. The 【Holders】 are a list of the Top 100 holding addresses, further categorized as "Smart Money," "DEV," "Sniper."

When we click the filter button next to an address, we can see the profit and transaction data of that address on that coin.

【Top Traders】 currently only lists the situation of the Top 15 profitable addresses, with limited data.

4. Hawkeye

Website: https://dexscreener.com

The 【Top Traders】 section of Hawkeye lists the top 100 most profitable addresses, sortable by total profit and unrealized profit. The displayed information is limited and not as user-friendly as debot and gmgn.

IV. Monitor Smart Money

With Smart Money in play, we need to monitor it to promptly know what these savvy individuals are trading. When it comes to monitoring, debot is recommended. Among the monitoring tools currently used, debot is the most feature-rich and granular in functionality. debot's wallet monitoring is divided into two types: wallet behavior monitoring and wallet group behavior monitoring, as shown in the image below.

1. Wallet Behavior Monitoring

This monitoring is a common feature in all tools. However, other tools push all addresses to a single Telegram group, whereas debot's advantage is the ability to group addresses and then push them to different Telegram groups based on the grouping, as shown in the image.

This allows for establishing different Telegram groups for push notifications based on labeling conditions, such as on-exchange players, off-exchange two-stage players, addresses of special interest, and more. A tool that can grade monitoring information is a good tool. When I used abot for monitoring previously, in order to achieve grouped notifications, I would label addresses first, then perform secondary development on the Telegram group upon receiving monitoring messages, distributing them based on the labels. Now, with debot, I no longer need to do secondary development.

2. Wallet Group Behavior Monitoring

If we are monitoring a large number of addresses, there is an unavoidable issue: too many push notifications. When there are too many messages, it overwhelms the human brain and people tend to ignore them, losing the meaning of monitoring. To address this issue, my previous strategy was to perform secondary development on the push messages, setting a condition to only push the message when a certain number of different addresses conducted transactions within a specific time frame, such as pushing a message if 5 different addresses made a purchase within 30 minutes. I used this strategy for about a year, and the results were very good as it reduced the number of messages significantly while still capturing activity on popular coins.

Debot's wallet group behavior monitoring has perfectly implemented the strategy mentioned above, and even more finely. The monitoring indicators are more detailed, as shown in the image. We can monitor buy and sell actions, set monitoring time frames, transaction amounts, notification frequencies, and market capitalization thresholds. This feature can fully meet various monitoring needs, and I highly recommend it.

3. Grouped Token Transactions and Recent Transactions

After monitoring smart money with Debot, we can view "Grouped Token Transactions" and "Recent Transactions" by group in the "Observation Group" section. "Grouped Token Transactions" lists all the coins traded by smart money in this group within a certain period, such as the last 24 hours, and can be filtered and sorted by different criteria. This feature is very useful when we are not actively monitoring real-time messages and want to know which coins these smart money holders have purchased.

"Recent Transactions" lists the transaction records of smart money in this group, sorted by time.

4. Position Details and Transaction Details

After monitoring smart money with Debot, we can see "Position Details" and "Transaction Details" in the Coin's K-line page under "My Observation." "Position Details" lists all the smart money data that has traded this coin, which can be sorted and filtered by various criteria, making it convenient for us to see which smart money holders are already invested.

"Transaction Details" lists all the transaction records of smart money for this coin, arranged in chronological order, either ascending or descending. This way, when we want to know which address among our smart money holders was the first to purchase this coin, we can sort in ascending order, and the first transaction displayed will be the earliest one. This feature is very practical as it can help us identify the smart money that reacts the fastest to news.

5. Security Check Tool

The EVM Chain faces a significant issue of encountering rug pulls, so conducting a security check before investing is a must-do operation. The common security check tools are mainly as follows.

1. goplus

Website: https://gopluslabs.io

goplus is a security check tool that emerged during the last bull market and was invested in by Binance Labs. Currently, many tools integrate with goplus's functionality, which can be used via the web version or plugin. Additionally, they provide a security check API externally. If you plan to run strategies through scripts, you can consider using the API.

2. honeypot.is

Website: https://honeypot.is

honeypot.is gained popularity during the last bull market for its precise security checks. They also offer an API.

3. tokensniffer

Website: https://tokensniffer.com/

tokensniffer is also a well-established security check tool. Due to the various scams and rug pulls on the EVM, it is advisable to use multiple tools together to prevent losses caused by issues with a single tool.

Six. Transactions

The BSC Chain was very popular during the last bull market. Many of the transaction tools used at that time have now ceased updates. Fortunately, more transaction tools have emerged. Here are a few currently popular tools.

1. UniversalX

Website: https://universalx.app

UniversalX is an on-chain CEX that allows trading with balances from all chains. When the account holds assets like USDT, USDC, ETH, BTC, SOL, trading is possible. It currently supports regular buy and sell orders and will later add features like internal exchange and limit orders. UniversalX's advantage lies in its chain-agnostic nature, allowing trading of 15 on-chain coins with a basic token. It is especially useful when other chains lack a coin, and exchanges restrict withdrawals. Furthermore, UniversalX offers fast order book speed, transaction speed, automatic anti-sandwiching, and supports mobile trading for convenient transactions on smartphones.

Additionally, UniversalX has reduced trading fees for mainstream coins to one-thousandth, aligning with CEX standards, including $AI16Z, $Fartcoin, $ARC, $AIXBT, $TST, and more. Due to investment from Binance Labs, they are expected to launch their token this year. Trading on UniversalX is akin to engagement, with anticipation of airdrops.

2. debot

Website: https://debot.ai

debot's transactions support the BSC chain and currently support basic buy and sell functions, with plans to add anti-sniper functionality in the future. One benefit of trading with debot is that it can display all current coin pools, making it the most comprehensive in this regard. This feature makes it convenient for users to choose different pools for trading. debot has a mobile version for quick and easy trading.

3. gmgn

Website: https://gmgn.ai/

gmgn has already added support for the BSC chain and currently supports basic buy and sell functions. One advantage of using gmgn is its convenient data analysis feature, which clearly displays holders' basic data. gmgn also supports mobile devices.

4. okx

Website: https://www.okx.com

okx is a major platform that supports basic buy and sell functions. Its key advantage is its wide platform coverage, supporting web, plugin, and mobile versions.

5. PinkPunk

Link: https://t.me/PinkPunkTradingBot

PinkPunk is a well-established Telegram bot that supports multiple chains. In addition to basic buy and sell functions, its advantages include order placement, sniping, and fast execution speeds.

If you found this article helpful, feel free to show your support with likes and shares!

Trading Tools:

The most powerful AI signal trading and monitoring tool, debot

https://debot.ai

gmgn, your all-in-one trading analysis tool

https://t.me/gmgnaibot

xxyy, the alternative to abot for your trading needs

https://pro.xxyy.io

UniversalX, the universal cross-chain trading platform

https://universalx.app

Original Article Link